One of the most common things you hear as an MBA about making the tradeoff between joining an established company versus a startup is that although the upside risk is substantial for a startup, be prepared for a low salary and forgoing a cushy lifestyle in as well as accept the high possibility of outright failure.
My room-mate challenged this notion when he told me this morning that there has never been a better time for an MBA to returning to Indian to join a startup then now. Apparently salaries are 50% higher than the safe corporate job due to lack of talented managers to grow startups- this is the opposite to the US. You also have the upside of options and equity stake as large as 5% coming in as a non-founder with an MBA. Many accomplished Indian serial entrepreneurs from silicon valley are making their way back to India, with their experience and ability to get VC funding further reducing risks of joining a startup. Combined with even lower risk of transferring an established idea to a new market with potential such as India, it seems that startups might be compelling for Indians wanting to return home. Goodbye to brain drain? You see, people eventually do return home... I'd love this to happen to East Africa in the next 25 years.
UPDATE: A reminder what can happen if luck is on your side:
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1 comment:
hi, could u tell me who ur room mate is? May be offline: thathoo@cs.stanford.edu
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